January 31, 2007
Mainland financial institutions allowed to issue renminbi-denominated bonds in Hong Kong.
Banking regulatory authorities given more power.
Listed companies required to set up management mechanisms for information disclosure.
The Circular changes the practice of pre-levying land value-added tax to settlement of the land tax after the project is complete.
Hong Kong and Macao lawyers allowed to engage in certain contentious cases in mainland China.
Employers required to file information on hiring and dismissal activities.
National LegislationBANKINGCircular on Regulating the Administration of Record Filing of Non-performing Claims Transferred Overseas by Domestic Financial…
Stricter rules for export of automobiles.
More detailed rules on the operation of renminbi business by foreign-invested banks.
Individuals required to report equity and property speculation gains in income tax returns.